Spartan Stores, Inc., (Nasdaq: SPTN) today announced that it has completed the previously announced acquisition of 20 retail grocery stores, two fuel centers and three convenience stores from G&R Felpausch Company, a privately held Hastings, Michigan based retail grocery operator and current distribution customer. The transaction is expected to increase the Company’s annual retail segment sales by approximately $200 million. Consolidated sales are expected to increase by approximately $100 million, as Felpausch is an existing distribution customer. The acquisition is expected to be accretive to net earnings during the second year of operation.
